Can private equity bounce back?

In the last two years, rising rates and geopolitical uncertainty

have dampened both fundraising and deal activity

for private equity funds.

Some even question how much more growth the asset class can see in today's higher rate environment.

So is there merit to these concerns or is PE about to turn a corner?

There's no doubt that higher interest rate environment is going to have an effect on private equity returns.

So when you think about the next couple of years, we do think private equity returns will be more subdued versus what you've seen in the past.

I'm Allison Nathan, and this is Goldman Sachs exchanges.

For today's episode, I'm first speaking with my colleague Alex

Goldstein who covers the asset management industry and capital markets for

Goldman Sachs research to discuss the challenges and opportunities facing the private equity

industry. I'll then turn to Mike Nichols and Gina Lydall from our global

banking and markets business to discuss the evolution of the space and the types of

deals that are happening today.

All are joining me in our New York studio.

Alex, welcome back to the program.

Great, thanks for having a pleasure to be here.

So we all know what's going on in public equity markets.

They have been off to the races this year. When I checked my

monitor before I left, the S&P 500 was up. Almost 10% year to date. We're not halfway through the

year, so pretty impressive performance but private

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